Crypto mining equipment and accessories company BlokForge has announced the acquisition of Cryptouniverse, a major online mining distributor for Europe. Business expansion will expand Bitcoin mining on a global scale.
This is good news for digital coins, as China recently announced it will stop mining Crypto in China. The country currently accounts for over 65% of bitcoin mining worldwide.
“Bitcoin is the future,” said Nick Jackson, CEO and founder BlokForge. “The world continues to embrace decentralized money and it is important that crypto mining technologies meet the growing demand.”
This acquisition will expand BlokForge’s influence in the crypto mining industry. With complete control over the Cryptouniverse platform, BlokForge will oversee distribution in the European market and further expand its global reach.
Cryptouniverse was founded in 2017 to distribute mining hardware and equipment on a large scale across the European market. Like BlokForge, the company is a distributor for the leading ASIC miner provider, Canaan.
“The addition of the BlokForge brand will not only provide a broader platform for distributing bitcoin mining hardware and accessories across the North Atlantic Ocean,” said Jackson, “but more importantly, Cryptouniverse will catalyze our ability to help decentralize mining hardware as a customer base. Our core company ranges from individual miners to medium scale farms. With the recent exodus of miners out of China and away from coal-driven energy, we are seeing a massive increase in smaller farms harnessing renewable energy and integrating ASIC hardware into existing eco-businesses where products By-product heat is used to farm plants or organisms – this is fun.”
The popular cryptocurrency, Bitcoin, surged to a value of $60k in early 2021 causing the crypto mining market to rise. However, the increase was disproportionate on a global scale, with China hosting most of the world’s Bitcoin mining. Inevitably, expanding access to crypto mining hardware and services for other countries has become an indispensable motive for the acquisition of Cryptouniverse by BlokForge.
BlokForge is a US online ASIC mining hardware and related service repository offering competitive prices for all types of cryptocurrency mining hardware specializing in ASICs, GPUs, Coins, Hashes and related accessories. BlokForge is quickly gaining traction as the leading online distributor of crypto mining hardware in the US. Formed in 2017 amidst the peak of Bitcoin’s growing popularity, BlokForge entered the mining industry ready to supply end users with top quality mining equipment and accessories. Currently serving countries around the world.